Welcome to an Engaged Community

There's a better way to personalize your website experience. With myConnection, the profile you create allows you to set up a unique starting point for the tasks and transactions that you want to complete in your time on this website. Use myConnection to gather the information that you most care about from across this website into one central location, giving you greater control over how you connect with your community.

How TIF WorksIn Missouri, TIF allows the capture of the following taxes:

Half of the local (City and County) sales tax (1% of taxable sales in Cameron)

All of the new (increment) property tax on real estate

Cameron officials have allowed TIF for public improvements such as streets, water, sewer, gas, electricity, stormwater control, and traffic signals as well as private improvements. TIF can also pay for building work or equipment if you are a manufacturer, distributor, packager, assembler, office, or fabricator.

Time Limits
TIF revenue can be captured for up to 23 years. The Cameron TIF District was established in 1994. In practice, the term depends on the funding source and amount of improvements subject to reimbursement.

TIF DistrictThe original TIF District encompassed the Crossroads Corporate Center, about 148 acres. Since then, a private 20-acre tract has been added to the south along US 36.

District expansion is handled as a public process with public notices, hearings, and action by the City Council. Legal costs would be paid by the private developer or included in the TIF project costs to be paid by tax capture over time.

Project ExampleRetailer:

Improved value: $1 million

Estimated annual sales: $2 million

Annual property tax capture: $19,584 ($1 million x .32 / 100 x 6.12)

Annual sales tax capture: $20,000 ($2 million x .01)

In this example, our store would generate $39,584 in annual TIF revenue, or $910, 432 over 23 years to pay back approved improvements. Not all projects generate sales tax and caution might reduce the payback term or improvement limit.

TIF Success
Most of the infrastructure is already in place in the Crossroads Corporate center, so many projects may not need TIF, and the TIF Commission may choose not to capture taxes, allowing revenue to flow directly to taxing jurisdictions like schools.

Our first TIF project, Wal-Mart, allowed $2.15 million in public improvements, and the bonds were planned to be paid in 10 years. The retailer performed better than expected, and the bonds were paid in six years. So far, there are 13 projects in the district, and TIF revenue has been captured on four of them. Over a half-million dollars a year now goes directly to schools and local government from the district.